Light S.A (LIGT3) — Capital Reinvestment Ratio
Light S.A (LIGT3) has a Capital Reinvestment Ratio of 1.96x as of June 2025, meaning it reinvests 2% of its operating cash flow (R$213.72 Million) in capital expenditures (R$419.40 Million). Check Light S.A tangible book value ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Light S.A Capital Reinvestment Ratio (2003–2025)
This chart tracks Light S.A's Capital Reinvestment Ratio across 21 annual periods. For the full cash flow conversion analysis, see LIGT3 cash generation efficiency.
Annual Capital Reinvestment Ratio for Light S.A (2003–2025)
Year-by-year Capital Reinvestment Ratio for Light S.A from 2003 to 2025. See LIGT3 cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (BRL) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.24x | R$703.72 Million | R$168.35 Million | ▼ -46.8% |
| 2024 | 0.45x | R$2.15 Billion | R$967.05 Million | ▼ -18.8% |
| 2023 | 0.55x | R$1.40 Billion | R$773.14 Million | ▼ -92.4% |
| 2022 | 7.32x | R$200.76 Million | R$1.47 Billion | ▲ +1664.7% |
| 2020 | 0.42x | R$2.33 Billion | R$968.48 Million | ▼ -78.0% |
| 2019 | 1.88x | R$451.55 Million | R$849.92 Million | ▼ -89.7% |
| 2018 | 18.29x | R$41.49 Million | R$758.65 Million | ▼ -27.7% |
| 2017 | 25.29x | R$25.75 Million | R$651.20 Million | ▲ +6852.3% |
| 2016 | 0.36x | R$1.14 Billion | R$415.76 Million | ▼ -59.7% |
| 2015 | 0.90x | R$979.48 Million | R$883.24 Million | ▼ -36.6% |
| 2014 | 1.42x | R$585.47 Million | R$832.88 Million | ▲ +143.2% |
| 2013 | 0.58x | R$1.42 Billion | R$830.17 Million | ▼ -60.6% |
| 2012 | 1.48x | R$541.16 Million | R$803.26 Million | ▼ -5.5% |
| 2011 | 1.57x | R$472.01 Million | R$741.63 Million | ▲ +206.3% |
| 2010 | 0.51x | R$1.23 Billion | R$632.34 Million | ▼ -2.8% |
| 2009 | 0.53x | R$1.05 Billion | R$556.85 Million | ▲ +12.3% |
| 2008 | 0.47x | R$1.31 Billion | R$615.13 Million | ▲ +47.5% |
| 2007 | 0.32x | R$1.53 Billion | R$488.09 Million | ▲ +32.5% |
| 2006 | 0.24x | R$1.30 Billion | R$312.54 Million | ▼ -70.5% |
| 2004 | 0.82x | R$375.71 Million | R$307.05 Million | ▼ -57.4% |
| 2003 | 1.92x | R$146.61 Million | R$281.16 Million | — |